EXCLUSIVE: Read the internal ‘Carve-out’ letter sent to suppliers.
Chinese consortium consisting of the strategic investor IDG, the Chinese lighting company MLS and the financial investor Yiwu acquire Osram’s business unit Lamps for more than €400 million
- OSRAM Licht AG CEO Olaf Berlien: “Milestone in Osram’s alignment towards a high-tech company.”
- MLS Chairman Sun Qinghuan: “We are looking forward to working together with Ledvance, whose employees and management command extensive expertise.”
- Michael Knuth, IG Metall trade union / deputy Supervisory Board Chairman: “The combination is good news for Ledvance’s employees.”
- Transaction closing expected in the course of fiscal 2017 and is subject to certain closing conditions and regulatory approvals by the relevant authorities
- Strategic supply agreement strengthens new Osram LED plant in Malaysia